To solve this problem, we can follow these steps: 1. Define a constant for the exchange rate, which is 1.18 in this case. 2. Take the amount in the local currency as input from the user. 3. Multiply the input amount by the exchange rate to get the amount in the destination currency. 4. Round the result to two decimal places. 5. Print the result. Here is a Python code snippet that implements these steps: ```python # Step 1: Define the exchange rate exchange_rate = 1.18 # Step 2: Take the amount in local currency as input local_currency = float(input("Enter the amount in your local currency: ")) # Step 3: Convert the amount

Problem StatementA person is planning a trip abroad and wants to convert their local currency to the destination currency. Write a program for this where the exchange rate is fixed at 1.18. The program should take an amount in one currency as input, convert it to another currency using the exchange rate, and then output the converted amount rounded to two decimal places. Input format :The input consists of double value n, representing the currency.Output format :The output prints the converted currency in double value with two decimal places.Refer to the sample output for formatting specifications.Code constraints :In this scenario, the given test cases fall under the following constraints:1.00 ≤ n ≤ 5000.00Sample test cases :Input 1 :1.00Output 1 :1.18Input 2 :5000.00Output 2 :5900.00Input 3 :2568.95Output 3 :3031.36

Question

Problem StatementA person is planning a trip abroad and wants to convert their local currency to the destination currency. Write a program for this where the exchange rate is fixed at 1.18. The program should take an amount in one currency as input, convert it to another currency using the exchange rate, and then output the converted amount rounded to two decimal places. Input format :The input consists of double value n, representing the currency.Output format :The output prints the converted currency in double value with two decimal places.Refer to the sample output for formatting specifications.Code constraints :In this scenario, the given test cases fall under the following constraints:1.00 ≤ n ≤ 5000.00Sample test cases :Input 1 :1.00Output 1 :1.18Input 2 :5000.00Output 2 :5900.00Input 3 :2568.95Output 3 :3031.36

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Solution

To solve this problem, we can follow these steps:

Define a constant for the exchange rate, which is 1.18 in this case.
Take the amount in the local currency as input from the user.
Multiply the input amount by the exchange rate to get the amount in the destination currency.
Round the result to two decimal places.
Print the result.

Here is a Python code snippet that implements these steps:

# Step 1: Define the exchange rate
exchange_rate = 1.18

# Step 2: Take the amount in local currency as input
local_currency = float(input("Enter the amount in your local currency: "))

# Step 3: Convert the amount

This problem has been solved

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